Interim report
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Interim Report January - September 2021 ● Highlights for the third quarter Record sales with year - on - year revenue growth across product segments , despite comparing to a prior year quarter with elevated demand for certain product lines . ● ● Swedish Match . ● ● ● In local currencies , sales increased by 10 percent for the third quarter . Reported sales increased by 9 percent to 4,778 MSEK ( 4,400 ) . Record operating profit from product segments , in spite of continued ramp - up in spending behind growth opportunities for smokefree products . For the Cigars product segment , increased sales of natural leaf varieties outpaced declines for HTL cigars while operating profit in local currency was virtually flat principally reflecting higher production costs . For the Lights product segment , robust performance for lighters drove enhanced earnings . ● Operating profit amounted to 2,075 MSEK ( 2,048 ) for the third quarter . Profit after tax for the third quarter amounted to 1,540 MSEK ( 1,222 ) . Profit after tax for the third quarter of the prior year included a charge of 286 MSEK following an adverse ruling in a tax case . In local currencies , operating profit from product segments¹ ) increased by 2 percent for the third quarter . Reported operating profit from product segments increased by 1 percent to 2,099 MSEK ( 2,075 ) . For the Smokefree product segment , continued momentum for ZYN nicotine pouches in the US and solid performance in Scandinavia drove increased sales and operating profit . Earnings per share increased by 30 percent to 0.99 SEK ( 0.76 ) for the third quarter . Adjusted earnings per share increased by 5 percent to 0.99 SEK ( 0.94 ) .² ) Q3 2021 On September 14 , Swedish Match announced its intention to spin off its US cigar business to shareholders . Subject to various conditions , the separation is expected to be completed during the second half of 2022 , at the earliest . For more details , see the September 14 press release . 1 ) Excludes Other operations and larger one - time items . 2 ) In May 2021 , a share split ( 10 : 1 ) was made . Historical share data in this report has been restated in accordance with IAS 33 . LONGHOR NATURAL POUCHES LONGHORN WARNING : This product is not a safe alternative to cigarettes . ORIGINAL General SNUS WINTERGREEN | 24 PORTIONS WARNING : Smokeless tobacco is addictive . ZYN COOL MINT 15 NICOTINE POUCHES 6 WARNING : This product contains nicotine . Nicotine is an addictive chemical .